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Re: COK - Cockatoo Coal

We had fair opportunities to pick up Cockatoo Coal at around 50 cents or less. Lots of good backers for this stock and I hope those who bought near $1 averaged down, great opportunity are COK, IMHO.
 
Re: COK - Cockatoo Coal

Very happy to have picked up some COK *insert Beavis & Butthead laugh* at 59c during the recent slump. Indiscriminate, panic selling rules!

Seriously though, I think this is one of the few quality small-cap coal stocks available. Add to this the fact that the short-term fundamentals for coal look great, and I'm hoping to have picked a winner.
 
Re: COK - Cockatoo Coal

I have been watching this stock for awhile now and jumped on board today @.60

Excellent long term play and have to say i am very excited about the long term prospects of this company.

Of course it might be a bumpy ride but as resources are upgraded and infrastructure projects commenced etc, there should be some nice re ratings along the way.
 
Re: COK - Cockatoo Coal

Hey guys/gals

I had some little research into the Bowen Basin but I couldnt find what grade of coal is in the areas that COK was looking to drill. Does anyone know what percentage of coal is actually Coking coal?

The location, Bowen Basin is the same area as RIO;s mines. I dont understand why RIO didnt drill there if there is so much high grade coal?

I also read in the herald sun today that the whole Bowen Basin area has been flooded meaning that operation has been suspended for 6 weeks. Apparently analysts predicting that coking coal will reach $300 US per tonne.

meh i suppose the news doesnt help COK as they wont be extracting for another 3-4 yrs
 
Re: COK - Cockatoo Coal

urgalzmine said:
Hey guys/gals

I had some little research into the Bowen Basin but I couldnt find what grade of coal is in the areas that COK was looking to drill. Does anyone know what percentage of coal is actually Coking coal?

The location, Bowen Basin is the same area as RIO;s mines. I dont understand why RIO didnt drill there if there is so much high grade coal?

I also read in the herald sun today that the whole Bowen Basin area has been flooded meaning that operation has been suspended for 6 weeks. Apparently analysts predicting that coking coal will reach $300 US per tonne.

meh i suppose the news doesnt help COK as they wont be extracting for another 3-4 yrs
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Hi, this link confirms the US$300 tonne for coking coal: http://www.mineweb.com/mineweb/view/mineweb/en/page38?oid=48954&sn=Detail

***Above link is OK, the site has an error problem, as of posting.
 
Re: COK - Cockatoo Coal

noirua,

The website is down, just buy the herald sun 08/03/07 page 97

I would look at this stock in the new couple of years when they actually look like producing, its pretty much a speculative stock not really going anywhere.
 
Re: COK - Cockatoo Coal

I spoke to Mark Lochtenberg today (very helpful and returned my call fast), I like the look of this company for the long term, deposits are thermal coal, they are expecting to start producing in 2012 and at around 8M tonnes per year, will be purchasing infrastructure long before then and expect to have resource upgrades further down the track.

Best thing is that they will be able to take advantage of the higher coal prices because unlike some of the coal players at the moment they are locked into contracts from 12 months ago and although thermal coal prices have risen to over $205 a tonne they are only getting $78ish a tonne because of these contracts. COK will be trying hard to avoid contracts and get the most for their coal as they can.

And Gladstone is supposed to have a new port loading facility come online in 2012 as well which will see the QLD coal exporters able to expedite more tonnes out through the port.

Hopefully by then we may see the SP similar to where FLX is now.

Cheers
 
Re: COK - Cockatoo Coal

meganut said:
I spoke to Mark Lochtenberg today (very helpful and returned my call fast), I like the look of this company for the long term, deposits are thermal coal, they are expecting to start producing in 2012 and at around 8M tonnes per year, will be purchasing infrastructure long before then and expect to have resource upgrades further down the track.

Best thing is that they will be able to take advantage of the higher coal prices because unlike some of the coal players at the moment they are locked into contracts from 12 months ago and although thermal coal prices have risen to over $205 a tonne they are only getting $78ish a tonne because of these contracts. COK will be trying hard to avoid contracts and get the most for their coal as they can.

And Gladstone is supposed to have a new port loading facility come online in 2012 as well which will see the QLD coal exporters able to expedite more tonnes out through the port.

Hopefully by then we may see the SP similar to where FLX is now.

Cheers
Click to expand...

Looks very good. I think thermal coal out of Newcastle trades at around US$118 a tonne, as of last week, and most companies will see increases for benchmark thermal at about US$125 a tonne from this month.
 
Re: COK - Cockatoo Coal

COK broke its ascending triangle today on heavy volume. It closed significantly ($1.07) above the resistance line of approximately $0.975. Not bad for a poor trading day in general and also with no news behind it.
 

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Re: COK - Cockatoo Coal

lucifuge said:
COK broke its ascending triangle today on heavy volume. It closed significantly ($1.07) above the resistance line of approximately $0.975. Not bad for a poor trading day in general and also with no news behind it.
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Hm not bad

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -0.1 0.0 -0.2 -2.5
DPS 0.0 0.0 0.0 0.0

thx

MS
 

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Re: COK - Cockatoo Coal

noirua said:
Cockatoo coal have fallen back and MAY now be offering an opportunity for those of us who retain the faith: http://www.compareshares.com.au/kraa47.php
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COK could be a good share but the price on Friday has actually gone up.

So it will be on Monday with higher DJ and some impact from the posting in ASF too

Let us see how it behaves and execpting one of the directors heavily on 7th and 8th Aug there seems to be no bright news on the market

I will rather wait and see
 
Re: COK - Cockatoo Coal

Got a tip off from an associate that this stock would be good to add to my portfolio at the moment. Am thinking about having a small play at it in the coming weeks with the view to hold for a few years. Does anyone have a view on the long term prospects of COK. I see it hasn't been discussed for about a year now.
 
Re: COK - Cockatoo Coal

Bhenn said:
Got a tip off from an associate that this stock would be good to add to my portfolio at the moment. Am thinking about having a small play at it in the coming weeks with the view to hold for a few years. Does anyone have a view on the long term prospects of COK. I see it hasn't been discussed for about a year now.
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What were the reasons that your associate gave you for his "tip off" that this stock would be good for you?

What is your risk tolerance, where do you see coal prices going in the future, will the global slowdown be protracted or will there be a bounce back next year, etc etc

These are just a couple of the questions you need to ask yourself before you buy shares in any coal miner.
 
Re: COK - Cockatoo Coal

Like many stocks, COK is trading at a lot lower than it was a year or so ago. Given I am in it for the long haul and she sudies the markets a lot (she is not involved in the company or any other financial institutions), I believe she deemed it to be a handy acquistions for my long term time frame. Given the relatively small investment I will make and my age (20), I have a high risk tolerance, and basically am looking to acquire as many stocks as I can at th moment with the view that the market will bounce back strongly in the next 1.5 to 3 years.

As far as where I think coal prices may be headed, I am not sure. I do not have the experience or knowledge to make a call on this.

Thoughts?
 
Re: COK - Cockatoo Coal

announcement - COK has increased its resource to 335Mt...breaking out on increased volumes. Appears to have bottomed
 
Re: COK - Cockatoo Coal

Wedge breaking to the upside on good volume, with no ann out would suggest a technical break out. Maybe on the expectations of an ANN

Chart can be view here!


From their last presentation "no cap raises" to be concerned about as will be self funding this year as a producer

LOOKING AHEAD
• In production
• Self-funded outlook for 2010/2011
• 50% production growth next 2-3 years requires no new major infrastructure/capital
• Major coal buyers hold strategic shareholdings
• PCI/Thermal assets - aligned to global demand growth
• 3-5 year target - establish position as significant, independent producer
• 2010 coal price forecasts rising
 
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